AIIB and Eurasian Development Bank Discuss Building China-Europe Corridor

EDB Chairman Dmitry Pankin said that Eurasian Development Bank and the Asian Infrastructure Investment Bank (AIIB) have been in discussions over financing a joint project linking China with Europe via a motorway across Russia.

MOSCOW (Sputnik) – The Eurasian Development Bank (EDB) and the Asian Infrastructure Investment Bank (AIIB) have been in discussions over financing a joint project linking China with Europe via a motorway across Russia, EDB Chairman Dmitry Pankin said on Wednesday.

“I met with the AIIB’s president in January, we have prepared certain proposals for them…Among the larger projects that we have proposed for joint involvement with the AIIB is the motorway from the Kazakh border to the Belarusian border along Russian territory,” Pankin told RIA Novosti.

The project would become the Russian section of the Western Europe-Western China International Transit Corridor. The route’s Kazakh section was approved in 2012 and is expected to be completed by 2017. The project is funded by a loan from World Bank and the government of Kazakhstan.

Full article: AIIB and Eurasian Development Bank Discuss Building China-Europe Corridor (Sputnik News)

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